Hey Snackers,
Save the last square: Americans are stocking up on toilet paper again. Charmin and Bounty maker Procter & Gamble is running factories 24/7 to meet surging TP demand.
The techy Nasdaq index inched up to a record yesterday. The S&P 500 index, which broadly tracks the US stock market, hasn’t dropped more than 5% since October and has clinched 50+ fresh highs in 2021.
Center of the storm... Hurricane Ida reached the US Gulf Coast on Sunday as a Category 4 hurricane. For context: Category 5 is the highest. It's the most intense hurricane Louisiana has suffered since Hurricane Katrina in 2005. Ida has already led to six deaths, and left 1M+ people without power.
From small businesses to energy giants... Ida's impact is far-reaching. Damage to the power grid and other infrastructure has been intense — even more than Katrina's in some cases.
It can take years to bounce back... from natural disasters. A hurricane might only last a week, but the damage it causes can take years — or decades — to repair. New Orleans has still not fully recovered from Katrina, and we don’t yet know what Ida’s total toll could be. Meanwhile, CA is experiencing extreme heat-fueled wildfires. Climate experts say these extreme natural events could worsen as the planet continues to warm.
Got my driver's iLicense last week… Yesterday, Apple partnered with eight US states to launch digital driver’s licenses on iPhones and Apple Watches. Apple emphasized that its new IDs are “more secure” than IRL licenses. The e-licenses will roll out in Apple Wallet after an iOS update this fall. How they’ll work:
Plastic is so 2020… Apple Pay is the top mobile payment tool in the US, with 44M users. But Pay is only the beginning: Apple wants to take over your whole wallet, purse, and keys. After touting privacy for years, Apple hopes customers will trust its devices as all-in-one passkeys to everything:
IDs are the next step in smartphone dependence… Every day, billions of people use smartphones to chat with friends, order food, book rides, watch shows, and navigate. Now, Apple wants iPhone to be the only thing people grab when they go out. By positioning its devices as all-in-one wallets, keys, and health monitors, Apple hopes to make iPhones and Apple Watches truly indispensable — and gain an edge over other smartphone makers.
Authors of this Snacks own shares of: Apple, Walmart, Amazon, Uber, and Clear Secure
ID: 1823924